![]() ![]() Revenue declined 10.8% to $648.8 million from $726.1 million in the prior-year period. These problems hampered revenue growth and crushed margins. The companys fleet value was carried on the balance sheet at approximately $1 billion on a gross basis (before depreciation). Great Lakes' flexible approach to fleet utilization, which is driven by the project scope and equipment, enables it to move equipment rapidly in response to changes in demand for dredging services to take advantage of the most economically attractive opportunities. The fleet of dredging equipment can be utilized on one or many types of work and in various geographic locations. Dredge ship types include hopper, mechanical and hydraulic. The companys fleet, which includes 17 dredges, 17 material transportation barges, one drillboat and numerous other support vessels, is believed to be the largest and most diverse fleet of any U.S. ![]() In 2021, Great Lakes formed an offshore wind division, which has become a strategic growth area for the company.įounded in 1890, the company currently has a market capitalization of $505 million. The company utilizes experienced civil, ocean and mechanical engineering staff in estimating, production and project management functions. ![]() (NASDAQ:GLDD), which owns the largest and most diverse fleet in the U.S. The industry leader in this field is Great Lakes Dredge & Dock Corp. Warning! GuruFocus has detected 5 Warning Signs with GLDD. Dredging is a four-part process involving loosening the material, bringing the material to the surface, transportation and disposal. Typically, the excavation is undertaken by a specialist floating boat, known as a dredger. Possible reasons for dredging include improving existing water features, reshaping land and water features to alter drainage and commercial use, constructing dams, dikes and other controls for streams and shorelines and recovering valuable mineral deposits or marine life having commercial value. ![]() One good example is the dredging business.ĭredging is the evacuation of material from a water environment such as lakes, shorelines or canals. Some of the most interesting investment stories are often the most unglamorous. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |